Garmin reported second-quarter earnings of $161.1 million, driven by double-digit sales growth in its fitness and outdoor product lines. The Swiss company, which has its operating headquarters in Olathe, said its profit amounted to 85 cents per share for the three months that ended June 25. That compares to 72 cents per share a year earlier, when the company earned $137.8 million.
Kansas City, Kan.-based Epiq has struck a buyout by private equity investment managers, including the Canadian pension fund that is the controlling owner of DTI. Plans call for combining the companies into a larger provider of technology and services to the legal profession.
The Kansas City company will boost operations in the Kansas town. The expansion will add box carousels, pallet-packing machines and cranes. The project is driven by its customers’ preference for smaller box sizes and weights
The Kansas City-based banking company said it earned $37.3 million, or 76 cents a share, in the second quarter, compared with $30.2 million, or 65 cents a share, a year earlier. Its profits grew from higher interest earnings on loans and securities as well as higher fee income and similar income.
The Overland Park-based mutual fund company said it continued to see a decline in the assets it manages for clients. Severance and other costs tied to an expense reduction effort added to the quarterly drop in profits.
You can expect to hear a lot more from Apple about the virtues of mobile apps and online services in coming months. And for good reason: They're just about the only part of Apple's business that's growing right now.
The Leawood-based operator of a global ATM network, money transfer business and electronic payment business said its revenue grew 12 percent and its profit got an added boost from selling its shares in Visa Europe to Visa. The United Kingdom’s exit from the European Union will not hurt business meaningfully.
Sprint has brought 100 families to the Kansas City area by hiring new employees from all over the world. On Saturday, they got a welcome party from CEO Marcelo Claure. "It gives me a chance to meet their families," he said. "I think Monday when we all come back to work, we're a happier family and we're all more energized."
Mark DavisThe Kansas City Star
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